Zcash News Today: ZEC Falls 12.7% on the Week as Grayscale’s ZCSH Posts a $30 Million Outflow While Bitcoin Rallies

Last Updated: October 2, 2026

Zcash traded near $1,385 on October 2, down 1.79% over 24 hours and 12.66% over seven days, even as Bitcoin rose 3.39% to $86,331. Grayscale’s Zcash ETF, ZCSH, recorded a $30.25 million net outflow on September 30, the day it began trading on a 3-for-1 split-adjusted basis, and ZEC now sits about 18% below the roughly $1,700 peak it reached in September. The NU7 testnet activation follows on October 6.

Key Takeaways

• ZEC trades near $1,385, down 1.79% over 24 hours and 12.66% over seven days, with a market capitalization of about $23.4 billion and 24-hour volume of $1.37 billion. It has the steepest 7-day decline among the top 17 coins, while Bitcoin is up 2.40%.
• ZCSH lost $30.25 million on September 30, according to SoSoValue data cited by Decrypt, after an $8 million outflow on September 28. Cumulative net inflows are about $268 million, down from $306 million on September 24.
• The split took effect on September 30. Grayscale’s filing shows 7,989,300 shares at a $111.41 net asset value before it and 23,967,900 shares at $37.14 after, which implies about $890 million in net assets, and the split did not change the value of any holding.
• The Bitget hacker moved 2,746 ZEC into the Ironwood shielded pool on September 30, about 15% of the roughly 18,900 ZEC stolen, and about $24 million was still on transparent addresses at the time.
• NU7 code completion was scheduled for September 30, followed by testnet activation on October 6, an activation-height decision on October 20 and a mainnet target of November 5.

Zcash Market Overview

Metric	Value
Price	$1,384.89
24h Change	-1.79%
7d Change	-12.66%
Market Cap	~$23.4 billion
24h Volume	~$1.37 billion
Circulating Supply	16.89 million ZEC
Max Supply	21 million ZEC

Data sourced from CoinMarketCap, morning of October 2 (UTC).

Zcash News Today: Price Analysis

ZEC is the market’s laggard this week. Bitcoin gained 2.40% over seven days and the total crypto market rose to $2.94 trillion, while ZEC fell 12.66%, after a September rally that took it to about $1,700. It has held near $1,400 since Wednesday, a level FXStreet described as a stall after three straight daily losses of about 15% combined, and the price is now about 18% below the $1,698 September peak that Decrypt cited.

The ETF is part of the story. ZCSH had gathered about $306 million of net inflows and nearly $1 billion in assets by September 24, though about $100 million of those inflows was Grayscale’s parent group DCG exchanging 85,705 ZEC for shares in an in-kind swap, Bitcoin.com reported. The fund then lost $8 million on September 28 and $30.25 million on September 30, so the first large outflows arrived as the price fell and the share count tripled in the split. The split itself is mechanical, and each pre-split share became three shares worth about one-third as much.

The Bitget breach remains in the background. After 2,746 ZEC entered Ironwood, the pool where sender, recipient and amount are hidden, investigators lost the on-chain trail for that part of the stolen funds, while the roughly $24 million still on transparent addresses can be flagged by exchanges. The price did not react to the shielding at the time, and the weekly decline had begun before it. Decrypt’s levels put a reclaim of $1,410.72 as the signal that the run is back on track, and a daily close below $1,233 as the point where deeper retracements come into play.

NU7 Upgrade Timeline

Milestone	Date
Code Completion Deadline	September 30, 2026
Testnet Activation	October 6, 2026
Final Decision and Activation Height	October 20, 2026
Targeted Mainnet Activation	November 5, 2026

NU7 cuts Zcash’s target block spacing from 75 seconds to 25 seconds, disables v4 transactions, keeps the halving schedule and adds the Network Sustainability Mechanism, according to the timeline posted on the Zcash Community Forum on September 17. CryptoTicker reported that disabling v4 transactions removes the only way to spend funds in the old Sprout pool, so holders of 2016 and 2017 wallets with addresses beginning with zc need to move them before November 5. No confirmation that code completion was reached on September 30 had been published at the time of writing, so November 5 remains a target until the October 20 review.

Support and Resistance Levels

Level Type	Price
Key Resistance	$1,700
Immediate Resistance	$1,411
Immediate Support	$1,300
Key Support	$1,233

$1,700 is the September peak, $1,411 is the level Decrypt flagged for restoring momentum, $1,300 is the support floor FXStreet cited, and $1,233 is the level whose daily close would put deeper retracements in play. Levels are illustrative, not guaranteed.

Why Is Zcash Trending Today?

Zcash is trending on a 12.66% weekly decline that contrasts with Bitcoin’s rally, the $30.25 million ZCSH outflow and the approaching NU7 testnet. For the full market picture, see crypto market today, and for today’s other headlines, check crypto news today.

What This Means for the Days Ahead

The October 6 testnet activation will give the first live look at 25-second blocks, and the October 20 review will settle the mainnet activation height, so testnet results matter more for the upgrade’s timing than the price does. ETF flow data will show whether ZCSH’s outflows continue after the split. September payrolls arrive today at 8:30 a.m. ET, and Bitcoin’s reaction will shape how much risk traders take on altcoins.

On the chart, ZEC needs to hold $1,300 to avoid a slide toward $1,233. A reclaim of $1,411 would put the September peak near $1,700 back in view.

See how Zcash compares with other assets on Bitcoin News Today, Ethereum News Today, XRP News Today, and Hedera (HBAR) News Today. For the background on the hack, see our report on the Bitget breach.

Compare Crypto Prices Today

Asset	Price Page
Bitcoin	Bitcoin Price
Ethereum	Ethereum Price
XRP	XRP Price
Solana	Solana Price
BNB	BNB Price
TRON	TRON Price

Where to Buy Zcash

Zcash can be bought on major exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, OKX, and Bybit. US investors can also get exposure through The Zcash ETF (ZCSH) in a brokerage account.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile; always do your own research before investing.

Frequently Asked Questions

What is the price of Zcash today?

Zcash trades near $1,385 on October 2, 2026, down 1.79% over 24 hours and 12.66% over seven days, according to CoinMarketCap. Market capitalization is about $23.4 billion on roughly $1.37 billion in daily volume. ZEC is about 18% below its September peak near $1,700 and has underperformed Bitcoin, which gained 2.40% over the same week.

Why did the Zcash ETF see outflows?

Grayscale’s Zcash ETF, ZCSH, recorded a $30.25 million net outflow on September 30 after an $8 million outflow on September 28, as ZEC fell from its September peak. Cumulative net inflows remain near $268 million, down from about $306 million on September 24. The ETF also completed a 3-for-1 split on September 30, which changed the share count but not the value of any holding.

What happened to the Zcash stolen in the Bitget hack?

About 2,746 ZEC, roughly $3.9 million and around 15% of the stolen amount, moved into Zcash’s Ironwood shielded pool on September 30, ZachXBT and CoinDesk reported. Inside the pool the chain shows no sender, recipient or amount, which makes tracing harder. About $24 million of the roughly 18,900 stolen ZEC remained on transparent addresses, and the price barely reacted.

When does the Zcash NU7 upgrade launch?

NU7’s code-completion deadline was September 30, followed by testnet activation on October 6. Developers will set the mainnet activation height and make the final decision on October 20, with November 5 as the target date. The upgrade cuts block time from 75 seconds to 25 seconds, disables v4 transactions and adds the Network Sustainability Mechanism while keeping the halving schedule.